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| Price | ▲ 0.46% | ▲ 0.29% | ▲ 0.98% | ▼ 0.86% |
| Energy | ▲ 0.5 | ▲ 11.0 | ▲ 43.5 | ▼ 31.8 |
Trend of Neutral EURNZD Daily
▸When EURNZD is in Neutral:
- then EURNZD moved to higher Market State: 209 times — 47.5%
- then EURNZD moved to lower Market State: 231 times — 52.5%
▸Current EURNZD market energy: 13.25%
- Distance to upper bound of Neutral (at 20.88%): 7.63%
- Distance to lower bound of Neutral (at -20.88%): 34.13%
"Does history really repeat itself?" — 2AITRADING
After the Daily candle closes, Market Energy of EURNZD indicates the Neutral zone.
Meanwhile, Market Energy at 13.3%, down -31.8% from 45.1% in the previous candle.
Time in Neutral energy zone: 1 Daily Candle
Traders using any methodology can reference Market Energy on 2AiTrading to consider adjustments to their strategy — including stoploss, takeprofit, or position sizing — depending on the situation.
Over the past 5 days, EURNZD Market Energy ranged from -10 to +45.1.
Concepts referenced in this analysis. Tap to explore each in the Knowledge Hub.
What did EURNZD price and energy show when this Daily candle closed?
When the Daily candle at 07:00 on 15-06-2022 closed, EURNZD was at 1.6623, down 0.86% from the previous candle (1.6767). Market Energy was 13.3%, down 31.8 points from 45.1%, in the Neutral state — the market is neutral. The Neutral zone spans -20.88% to 20.88%.
How much did EURNZD price move on this Daily candle, and how large is that historically?
EURNZD closed at 1.6623, down 0.86% from the previous Daily candle (1.6767). This drop is larger than 93% of past drops on the Daily timeframe for EURNZD, across 1,080 candles since 2019.
How did EURNZD Market Energy change from the previous candle?
Market Energy fell 31.8 percentage points from the previous candle — from 45.1% to 13.3%. This drop is larger than 90% of past drops on the Daily timeframe for EURNZD.
Do EURNZD price and energy agree?
Yes. Both price and energy moved down on this candle. This describes a closed candle, not a forecast of where price goes next.
What state was EURNZD in on the previous Daily candle?
The previous Daily candle had EURNZD at 45.1%, Bull Bias — when this candle closed, EURNZD moved down to a lower zone: Bull Bias → Neutral.
Where does EURNZD energy sit within the Neutral zone?
At 13.3%, EURNZD is 7.63 points from the upper boundary of Neutral (20.88%) and 34.13 points from the lower boundary (-20.88%) — so energy sits closer to the upper boundary at candle close.
What does Neutral mean?
Neutral is one of 7 Market States in 2AiTrading's Market Energy model, applied consistently across every asset class, market and timeframe.
See the full Neutral definition →How are the broader market indices trending?
Based on each index's latest completed H1 candle as of this candle close: SPX500 (US equities) in Bear Bias with energy -23.1%; GER40 (European equities) in Neutral with energy -17.5%. Against this backdrop, EURNZD (Neutral, 13.3%) has higher energy than SPX500; sits in the same state zone as GER40.
How is the US Dollar Index (DXY) trending?
Based on the latest completed H1 candle as of this candle close, the US Dollar Index (DXY) was in Bear Bias with Market Energy -41.1%. EURNZD energy is currently above DXY by 54.3 points.
See the real-time energy chart for EURNZD.
Open Energy ChartSee the full 2AiTrading Model data for EURNZD on the EURNZD overview →
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